Your sister always brags about how savvy of a grocery shopper she is. She believes that she saves lots of money by paying with coupons and making her grocery purchases at multiple stores to get the lowest prices on all goods. She may overestimate her savings because:
A. she does not count the value of the time it took to sort and clip coupons as a cost.
B. she does not count the cost of the gas used driving extra miles to multiple grocery stores.
C. she does not count the value of the extra time it takes to stand in multiple lines at multiple stores and use multiple coupons compared to a trip to one store with no coupons.
D. All of these.
D. All of these.
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Statistical discrimination using gender and age:
A. is legal in the insurance market, but not the job market. B. is legal in the job market, but not the insurance market. C. is legal in any market, but using race is not. D. is illegal in any market.
The maximum number of workers hired is
A. 4.
B. 5.
C. 6.
D. 7.
The marginal propensity to consume is defined as the
What will be an ideal response?
___ is A model of the process by which advertising works that assumes a consumer must pass through a sequence of steps from initial awareness to eventual action. The stages include awareness, knowledge, liking, preference, conviction, and purchase
Fill in the blank(s) with the appropriate word(s).